Quote from: hugeblack on April 17, 2025, 03:26:04 PM

Quote from: Oshosondy on April 17, 2025, 08:59:30 AM

What percentage of someone's income do you think is advised to be used for trading?

Shouldn't you calculate the percentage of money you may not need for the next six months (after deducting expenses and emergency funds)? Setting a fixed percentage of income will lead to disastrous results.

The percentage is determined according to the market. In a bull market, I recommend no more than 3%, while the percentage may rise to 20% in a bear market and for long-term investment in Bitcoin.

It should probably depend on which part of the bear cycle. If there's a high probability that it's close to or in the actual bottom of the bear cycle, which usually the price is near, touches, or goes below the 200-Weekly SMA, then depending on your situation, you could increase it to most of your savings.

A single person with no responsibilities, and a stable monthly income? Take advantage of that situation. Cool